Director of Investment Accounting

About the role

We are seeking a Director of Investment Accounting to lead all aspects of investment accounting and reporting for a growing annuity insurance platform. This role will oversee Investment Accounting for a complex, multi-asset investment portfolio and serve as a key partner to finance leadership, investments, actuarial, risk, and external stakeholders. The ideal candidate brings deep insurance investment accounting expertise, strong leadership skills, and experience operating in a regulated environment.

Responsibilities

• Lead the Investment Accounting function for the company’s annuity and insurance operations, covering GAAP and Statutory reporting
• Oversee accounting and reporting for a diversified investment portfolio including fixed income, structured products, private credit, alternatives, and derivatives
• Manage the monthly, quarterly, and annual close process related to investments, ensuring accuracy, timeliness, and strong internal controls
• Own preparation and review of statutory investment schedules, investment footnotes, and related disclosures
• Ensure compliance with US GAAP, STAT, ASC 820 (fair value), NAIC guidance, and internal accounting policies
• Serve as the primary liaison for external auditors, regulators, rating agencies (e.g., AM Best), and internal audit on investment-related matters
• Partner closely with the investment team to support new investment structures, asset classes, and transactions from an accounting and reporting perspective
• Oversee custodian and investment system reconciliations, valuation processes, and data integrity across platforms
• Lead, mentor, and develop a team of investment accounting professionals; support organizational growth and scalability
• Drive process improvements, automation initiatives, and system enhancements to improve efficiency and controls
• Provide subject-matter expertise and leadership during audits, transactions, and strategic initiatives
• Monitor changes in accounting regulations and investment industry trends to ensure the organization remains compliant and competitive

Requirements

• Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred)
• 10+ years of experience in investment accounting, with significant experience in life insurance and annuity operations
• Deep knowledge of STAT and GAAP investment accounting, including NAIC reporting requirements
• Experience with complex investment products and alternative assets
• Proven experience leading teams and managing senior-level stakeholders
• Strong understanding of investment accounting systems and custodial platforms, preferably Clearwater
• Prior experience working with Big 4 auditors, regulators, and rating agencies
• Strong analytical, communication, and leadership skills

Preferred

• Experience supporting a high-growth or evolving annuity platform
• Background in both insurance company and asset management environments
• Exposure to reinsurance structures and investment-related risk management
• Experience implementing or upgrading investment accounting systems

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field (CPA strongly preferred)
• 10+ years of experience in investment accounting, with significant experience in life insurance and annuity operations
• Deep knowledge of STAT and GAAP investment accounting, including NAIC reporting requirements
• Experience with complex investment products and alternative assets
• Proven experience leading teams and managing senior-level stakeholders
• Strong understanding of investment accounting systems and custodial platforms, preferably Clearwater
• Prior experience working with Big 4 auditors, regulators, and rating agencies
• Strong analytical, communication, and leadership skills

Skills

• Deep knowledge of STAT and GAAP investment accounting, including NAIC reporting requirements
• Experience with complex investment products and alternative assets
• Proven experience leading teams and managing senior-level stakeholders
• Strong understanding of investment accounting systems and custodial platforms, preferably Clearwater
• Prior experience working with Big 4 auditors, regulators, and rating agencies
• Strong analytical, communication, and leadership skills

Benefits

A-CAP offers a comprehensive benefits package that includes:

• Competitive compensation programs
• Employer-sponsored medical, dental, and vision insurance
• Paid Life & AD&D Insurance (for employees and families)
• Paid Disability Insurance (STD + LTD)
• Paid Parental Leave
• Paid Vacation and Sick Leave
• Paid Holidays
• Voluntary Supplemental Insurance
• Safe Harbor 401(k) plan with employer match
• And other benefits and perks!

Pay

Compensation is commensurate with experience.

Schedule

This is a full-time position. Days and hours of work are Monday through Friday, 9:00 a.m. to 6:00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.